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Published on 9/5/2012 in the Prospect News Structured Products Daily.

New Issue: Deutsche prices $2.22 million autocallable securities on iShares MSCI EM, S&P 500

By Marisa Wong

Madison, Wis., Sept. 5 - Deutsche Bank AG, London Branch priced $2.22 million of 0% autocallable securities due Sept. 4, 2015 linked to the lesser performing of the iShares MSCI Emerging Markets index fund and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call return 14% if both components close at or above their initial levels on any annual observation date.

A knock-in event occurs if the final level of either component is below 70% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par.

If a knock-in event occurs, investors will receive par plus the return of the worse-performing component.

Deutsche Bank Securities Inc. is the agent.

Issuer:Deutsche Bank AG, London Branch
Issue:Autocallable securities
Underlying components:iShares MSCI Emerging Markets index fund and the S&P 500 index
Amount:$2.22 million
Maturity:Sept. 4, 2015
Coupon:0%
Price:Par
Payout at maturity:Par unless either component falls below 70% of its initial level on final valuation date, in which case par plus return of worse-performing index
Call option:At par plus 14% per year if both components close at or above their initial levels on any annual observation date
Initial levels:$39.28 for iShares MSCI EM, 1,406.58 for S&P 500
Knock-in levels:$27.496 for ETF, 984.606 for index; 70% of initial levels
Pricing date:Aug. 31
Settlement date:Sept. 6
Agents:Deutsche Bank Securities Inc.
Fees:2.5%
Cusip:2515A1LL3

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